VAT on Gold in Oman
Investment gold is zero-rated for VAT. Jewellery carries 5% VAT on the full price, making charges included. Today 10 grams of 24K gold cost OMR 479.24 at the world price, with no tax on investment bars and coins.
Rules checked 26 October 2026 · Prices Oct 30, 2026, 21:55 UTC · Not tax advice
Gold in Oman today, with tax
OMR · Oct 30, 2026, 21:55 UTC| Weight | World price, 24K gold | Bar or coin, with tax and duty | 22K jewellery metal, with tax |
|---|---|---|---|
| 1 gram | OMR 47.92 | OMR 47.92 | OMR 46.09 |
| 1 tola | OMR 558.97 | OMR 558.97 | OMR 537.62 |
| 10 tola bar | OMR 5,590 | OMR 5,590 | OMR 5,376 |
| 1 ounce | OMR 1,491 | OMR 1,491 | OMR 1,434 |
| 100 grams | OMR 4,792 | OMR 4,792 | OMR 4,609 |
The rules in Oman
| What you buy | Tax | Details |
|---|---|---|
| Bars and bullion coins | 0% | Investment gold is zero-rated for VAT. Gold of 99% purity or more, tradeable on global bullion markets, subject to the conditions in the VAT Executive Regulations (Art. 88). |
| Jewellery | 5% | Jewellery carries 5% VAT on the full price, making charges included. Charged on: full value. |
| Import duty | 0% | No duty is built into the rial gram rate. Imported finished jewellery generally pays 5% GCC customs duty. |
| Tourist refund | No | The Tax Authority announced a tourist VAT refund scheme in February 2026, to start once operator agreements and fees are settled. No launch was confirmed as of the latest report found. |
Compared with nearby countries
| Country | Bars and coins | Jewellery | Import duty |
|---|---|---|---|
| Oman | 0% | 5% | none |
| UAE | 0% | 5% | none |
| Saudi Arabia | 0% | 15% | none |
| Kuwait | 0% | 0% | none |
| Qatar | 0% | 0% | none |
| Bahrain | 0% | 10% | none |
| Egypt | 0% | 0% on the gold | none |
| South Africa | 0% | 15% | none |
| Nigeria | 7.5% | 7.5% | none |
| Kenya | 16% | 16% | none |
| Ghana | 20% | 20% | none |
VAT on Gold in Oman: FAQ
Is there VAT on gold in Oman?
Investment gold is zero-rated for VAT. Jewellery carries 5% VAT on the full price, making charges included.
Do you pay VAT on gold bars and coins in Oman?
Investment gold is zero-rated for VAT. Gold of 99% purity or more, tradeable on global bullion markets, subject to the conditions in the VAT Executive Regulations (Art. 88).
Is there import duty on gold in Oman?
No duty is built into the rial gram rate. Imported finished jewellery generally pays 5% GCC customs duty.
Can tourists claim back the VAT on gold in Oman?
No. The Tax Authority announced a tourist VAT refund scheme in February 2026, to start once operator agreements and fees are settled. No launch was confirmed as of the latest report found.
Sources (2)
Related
General information on the tax a private buyer pays, checked 26 October 2026. Rules change; check with the seller, the tax authority or an adviser. Not tax advice.